Username: Peter Rating: Asked to: Anton Luyten Date Created: 19 Jan 2019 |
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Category | 28 |
Tag | Financial |
Question | What is a Failed Break? |
Hello Peter, A failed break occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction. Since the validity of the breakout is compromised and the profit potential significantly decreases, many traders close their positions. A failed break is also commonly referred to as a "false breakout." Failed breaks can lead to significant losses and are a key factor for consideration when a trader chooses to bet on a breakout. Breakouts commonly occur at designated resistance and support trendlines identified from either an envelope channel or a standard channel formation. |
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